scholarly journals How the combined use of non-negotiable and negotiable developer obligations affects land value capture: Evidence from market-oriented urban redevelopment in China

2022 ◽  
Vol 119 ◽  
pp. 102494
Author(s):  
Yang Chen ◽  
K.W. Chau ◽  
Linchuan Yang
Keyword(s):  
Urban Redevelopment ◽  
Land Value ◽  
Value Capture ◽  
Combined Use

scholarly journals Understanding the geography of affordable housing provided through land value capture: Evidence from England

Urban Studies ◽  
2021 ◽  
pp. 004209802199889
Author(s):  
Alexander Lord ◽  
Chi-Wan Cheang ◽  
Richard Dunning
Keyword(s):  
Affordable Housing ◽  
Theory And Practice ◽  
Land Values ◽  
Land Value ◽  
Local Planning ◽  
Development Activity ◽  
Value Capture ◽  
Dual Approach ◽  
The Right ◽  
Community Infrastructure

Governments the world over routinely undertake Land Value Capture (LVC) to recover some (or all) of the uplift in land values arising from the right to develop in order to fund infrastructure and public goods. Instruments to exact LVC are diverse but are usually implemented independently. However, since 2011 England has been experimenting with a dual approach to LVC, applying both a tariff-style levy to fund local infrastructure (the Community Infrastructure Levy) and negotiated obligations, used primarily to fund affordable housing (Section 106 agreements). In this article we employ a difference-in-differences (DID) method to identify the interaction of these two instruments available to local planning authorities. We explore the question of whether the Community Infrastructure Levy ‘crowds out’ affordable housing secured through Section 106 planning agreements. In so doing we show that the interaction of these two approaches is heterogeneous across local authorities of different types. This raises questions for understanding the economic geography of development activity and the theory and practice of Land Value Capture.

Hong Kong’s “Rail-plus-Property” Development

2019 ◽  
Author(s):  
Clément Musil
Keyword(s):  
Hong Kong ◽  
Local Governments ◽  
Original Model ◽  
Land Value ◽  
Property Development ◽  
Sustainable City ◽  
Value Capture ◽  
Transit Systems ◽  
Developing Cities ◽  
International Donors

Many Southeast Asian developing cities are facing traffic and pollution issues. In order to produce a more sustainable city, local governments often opt for developing modern public transit systems. Because of a lack of finance, developing cities are supported by international donors while also looking for self-sufficient financing approaches like land value capture mechanisms. The Hong Kong “Rail plus Property” (R+P) model is seen as a reference. This chapter stresses the advantages of such a model, points out the particularities that make this model very unique and argues that adjustments that have recently been made are distorting the original model. Hence, the R+P model appears not as evident and straightforward as its advocates would like it to be.

The effect of increasing land value capture on the gross value added of the construction sector

2020 ◽  
Vol 28 (1) ◽  
pp. 65-69
Author(s):  
Nicolás Acosta-González ◽  
Sebastián Rodríguez-Raza ◽  
Rafaela Bastidas-Ripalda
Keyword(s):  
Value Added ◽  
Land Value ◽  
Construction Sector ◽  
Value Capture ◽  
Gross Value Added

scholarly journals Change in the political economy of land value capture in England

2019 ◽  
Vol 90 (4) ◽  
pp. 339-358 ◽  
Author(s):  
Philip Catney ◽  
John Henneberry
Keyword(s):  
Political Economy ◽  
The Political ◽  
Land Value ◽  
Value Capture
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